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the economic melt down. a federal mortgage tax force claims committed fraud. the allegation involved mortgage security deals that cost investors billions of dollars between 2005 and 2007. jp morgan bought bear sterns back in 2008. >> this case is underlining the essential principle of the working group which is that there's one set of rules for everyone, and we will not tolerate fraud. >> this is the first lawsuit filed by the task force set up by the obama administration to conduct during the financial crisis. jp morgan says it intends to fight the lawsuit. >>> chevron is appealing a decision ordering it to pay property taxes. chevron filed the appeal in contra costa. earlier the board rejected chevron's appeal of the 2009 property tax bill and ordered the company to pay $27 million in taxes. a chevron spokesman tells ktvu the company is in mediation over assessments going back to 2004 and is hopeful for a fair settlement. >>> the city council is meeting tonight that are outsourcing police service. the council expects to hear from both reporters and critics and it seems the meeting could be
in on jobs, taxes, and healthcare. good evening, everyone, i'm frank somerville. >> i'm julie haener. the initial reaction is, no big gaffes and no knockout in the first face-to-face. observers say mitt romney did what he needed to do, while the president seemed more low-key. we have coverage at the university of denver, where that debate was held. maureen naylor is in san jose, and amber lee is in walnut creek. we're going to begin right now with eric rasmussen. >> reporter: both president obama and mitt romney focused on their plans for the economy, and even had a lengthy debate about keeping obamacare. >> reporter: while the first debate started with a friendly greeting, even a mention of the president's 20th wedding anniversary, mitt romney came out swinging on the economy. >> the president has a view very similar to the view he had when he ran four years ago. that a bigger government, spending more, taxing more, regulating more. >> are we going to double down on the policies that got us into this mess, or do we embrace a new economic patriotism. >> reporter: romney often looked
city leaders to launch the city's new weigh theft tax course. the group is created to help prevent worker abuse in san francisco. officials say the tax course will research and work on policies that will insure fair pay for all workers. >>> authorities in the central valley are looking for brazen robbers who made up with about $2 million in gold in the daytime muse sim heist. investigators say the robbers were armed with pick axes and dressed as anyone gentlemans. the museum held thousands of precious art facts including 1-pound gold nugget. investigators say that nugget was not among the items taken. >>> honored today for the genius award. 66-year-old maw lease lin miller started the family independence initiative. the initiative now around the country. the initiative brings together community members such as these people in san francisco to share resources, offer mutual support and problem solve as they work toward educational, financial, and professional goals. miller is set to receive $500,000 a year over the next five years. >>> someone in nevada is holding a ticket worth $14
have seen their income come down by $4,300. this is a tax in and of itself. >> the magnitude of the tax cuts you're talking about governor would end up resulting in severe hardship for people but more importantly would not help us grow. >> you said you'd cut the deficit in half. it's now four years later. we still have trillion dollar deficits. >> the 90-minute monitored was the first opportunity for these candidates to go head to head. at times it got heated. >> i mean, i had a friend who said you don't just pick the winners and losers, you pick the losers. >> for 18 months he's been running on this tax plan and now five weeks before the election, he is saying that his big bold jd never mind. >> and there was this memorable moment. >> 20 years ago i became the luckiest man on earth because michelle obama agreed to marry me. >> i'm sure this was the most romantic place you can imagine here with me. >> so de spite that one moment there, the candidates have not really agreed on too much. they're definitely pushing each other than their policys and proposals. in denver colorado, i'm tori d
. considers an illegal tax and is seeking a declaration about whether it is valid or that 800,000 rural property owners have been hit with the fee which raises money for fire prevention. the fee was passed last year. >>> long lines today as oakland a's fans seek play off tickets. many of them sold in just the last 24 hours. >>> and the day after the debate. how the candidates are spinning their performances. >>> the bay area cooling trend continues. coming up where the fog will be first thing tomorrow morning for the morning commute. the coolest day of the weekend and also the fleet week forecast . >>> bay area baseball fans are pumped. the post season is right around the corner. tonight the san francisco giants held an optional play off atth park open to the public. get their open on saturday night scheduled to start at 6:30 at at &t. game 2 on sunday still to be determined. . >>> a storybook late summer finish against all odds held them into the play offs. now as reports demand for tickets skyrocketing. >> when the a's clench the al west with dramatic fashion it wasn't just the player
-class taxes and stimulate the economy." >>> meantime republican presidential candidate mitt romney campaigned today in florida. romney says the president's policies would "kill the american dream," and the way to ensure a brighter future is cut government spending. behind the scenes campaign workers worked towards the goal of contacting 2 million voters by phone in florida as well as other swing states. >> a republican congressman from georgia is making national headlines today. after comments he made about his religious beliefs were posted on a church website. >> evolution big bang theory, all of that is lies, straight from hell. >> representative paul broun made those comments at a baptist church in georgia. the church has since removed the video, but the bridge project, the political watchdog group reposted the video. broun is a medical doctor and said cites on the house committee of space and technology. he is running for re-election, unopposeed. >>> volunteers from the yes on proposition 30 campaign gathered this morning in front of mcclymonds high school. the measure is backed by gov
in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. ...club...things... ...kept sending me coupons for cat food. i'm just not a coupon clipper. i buy what i want to buy. can i get a reward for that? [ frank ] introducing something extra from raley's, bel air, and nob hill. you get something extra rewards... ...for the way i shop... for buying the things i like. instant offers, points balance, right here on my smart phone. [ frank ] join today at raley's dotcom, or at your store. ...it rewards you... for being you. [ frank ] raley's, bel air, and nob hill. for food, for family, and now, something extra -- for you. hi, primo! asopao! right, asopao! there you go cuz, so you can sweat it out! oh, and music... ( all ) music? ... heals the soul. the power to shar
the federal budget on a sustainable path. reforming the tax code, improving our educational system supporting technological invasion. and expanding international trade. >> reporter: bernanke also rejected criticism that the federal reserve is laying the ground work for inflation and letting the government run up huge budget deficits. >>> get ktvu news to go now. download the ktvu app, click on the live icon and you can watch all of our newscasts live right there on your mobile device. >>> a bay area man who started an innovative anti poverty program says he is deeply honored to learn he is the winner of a mcarthur genius award. maurice lim miller started the family independence initiative back in 2001. the initiative now has several pilots around the country. miller's initiative brings community members together such as these people in san francisco to share resources and problem solve as they work toward educational, financial and professional goals. miller is set to receive $500,000 a year over the next five years. >>> president obama today announced plans to visit kern county next week to
Search Results 0 to 7 of about 8